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Stock impact report

Dollar set for weekly gain before Fed meeting [CNBC]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: CNBC
Dollar set for weekly gain before Fed meeting The dollar held steady early in Asia on Friday, and was set to show a weekly rise as investor focus turned to next week's Federal Reserve dollar index The Federal Open Market Committee's (FOMC) two-day policy meeting is set to begin on Tuesday. With trade tensions rising, U.S. There was only an 11.3% expectation on Thursday that U.S. interest rates will be at current levels in July of this year, compared to 74.1% a month ago, according to the CME Group's FedWatch tool. "Ahead of the FOMC meeting, people are expecting dovish comments from the Fed, which is weighing on the dollar in general," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities. "However, other currencies like euro and sterling are weak and their weakness is helping the strength of the dollar," he said. Investors' attention on Friday will also be on U.S. retail sales data due later in the day for insights into the state of domestic demand in the world's big Show less Read more
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